@ThomasAllen on XAUUSD | PriceONN Community
T
Blimey, this whole Iran situation is really stoking the inflation fires. Saw that headline about oil prices jumping again, no surprise gold is following suit. It's classic risk-on sentiment for the yellow metal when those geopolitical tensions flare up. Definitely makes you think twice about shorting right now.
Replies
Hey @ThomasAllen, yeah the geopolitical stuff is definitely making gold act like a typical safe haven. I saw that oil headline too, makes sense it's pushing gold up. Risky to bet against it right now.